Can I settle my loan early?

You can settle and close your loan account at any time during the loan term by requesting an early settlement figure.

To request an early settlement figure, you can use our Early Settlement Form. We’ll email you the amount needed to settle your loan within an hour. Additionally, we’ll send it by post within a week.

If you’d like assistance with this process, you can send us a private message via Community (if you don’t already have a Community account, you'll need to register first) or you can contact us.

Your settlement figure is valid for 30 days from the date of your request. There is a fee of up to two months’ interest, but the total amount you repay may include an interest saving. There is no charge if you choose to reduce your loan term through overpayment.
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